Healthcare >> Sector Roundtables >> December 18, 2000

Roundtable Forum: Biotechnology Industry

RACHEL LEHENY, PhD, is a Senior Vice President at Lehman Brothers covering Biotechnology. She was previously associated with Warburg Dillon Read and Hambrecht & Quist. Prior to that Ms. Leheny was a National Institutes of Health Fellow and a Lecturer in the Chemistry Department at the University of California and also worked for Allen & Company. She received an AB in Chemistry from Harvard College and a PhD in Chemistry from Columbia University. Profile
MARK E. AUGUSTINE is a Senior Research Analyst with U.S. Bancorp Piper Jaffray's Equity Research Group, where he focuses on biotechnology companies. He was most recently a Biotechnology Analyst and a Vice President in the Equity Research Department at SG Cowen Securities. He previously worked at Morgan Stanley & Co. and Canaan Partners, a venture capital firm. Mr. Augustine graduated Magna Cum Laude from Yale College and received his MBA from Harvard University. Profile
JEFFREY W. CASDIN is a Chief Executive Officer, Principal at Cooper Hill Partners, LLC, covering the biotechnology industry. He was previously associated with Merrill Lynch and Oppenheimer & Company, Inc. He received a ScB in Electrical Engineering, an AB degree from Brown University and an MBA with High Distinction from Harvard University Graduate School of Business where he was a Baker Scholar. Mr. Casdin is a member of the Board of the National Genome Resource Center in Santa Fe, New Mexico and he is also the Publisher of Biotech Investor, an investment newsletter. Profile
TWST: Jeff, as a long-time follower of the biotechnology industry, will

you begin by telling us how you see the fundamentals underlying the

biotechnology industry today? How has the picture changed